Infinite Hero Foundation

“Line 2: Two Directors and each of of the Foundation's Officers are also current or former Officers, employees or directors of Oakley, Inc.”

“Line 11A: An external tax firm and the Foundation's management work together to gather the information necessary to prepare the Form 990. Based on the data, the tax firm prepares an initial draft of the Form 990. The Foundation's management reviews this initial draft and discusses it with the external tax firm. The tax firm makes the appropriate changes and prepares a draft Form 990. A copy of the draft Form 990 is provided to the Foundation's Officers and each member of its Board of Directors for approval, prior to the filing of the Form 990 with the IRS.”

“The Foundation's conflict of interest policy requires each Director, Principal Officer, and member of a committee with Governing Board delegated powers to certify on annual basis that they (A) have received a copy of the policy, (B) have read and understand the policy, (C) agree to comply with the policy, and (D) understand the Foundation is a non-profit organization and, in order to maintain its Federal tax exemption, must engage primarily in activities which accomplish one or more of its tax exempt purposes. The Foundation also conducts periodic reviews of transactions and relationships to verify that the Foundation does not engage in any activities that would jeopardize its tax-exempt status. Such reviews include an analysis of whether (A) compensation arrangements and benefits are reasonable and negotiated at an arm's length basis and (B) the Foundation's activities further its charitable purposes and that no actions result in inurement, impermissable private benefit or in an excess of benefit transaction.”

“The Foundation's governing documents, conflict of interest policy, and financial statements are available for inspection at the Foundation's offices.”

“Professional Fees: Program service expenses 10,425. Management and general expenses 33,342. Fundraising expenses 5,425. Total expenses 49,192. Consulting Fees: Program service expenses 101,850. Management and general expenses 152. Fundraising expenses 30,000. Total expenses 132,002. Temporary Help: Program service expenses 0. Management and general expenses 0. Fundraising expenses 7,099. Total expenses 7,099.”